Transaction Banking, Vendor Management, Associate jobs in United States
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Goldman Sachs · 20 hours ago

Transaction Banking, Vendor Management, Associate

Goldman Sachs is a leading global investment banking, securities and investment management firm. They are seeking an Associate for Vendor Management who will be responsible for strategically managing relationships with key vendors, overseeing contract management, negotiation, and performance monitoring to drive cost efficiencies and mitigate business risks.

BankingFinanceFinancial ServicesVenture Capital
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Growth Opportunities
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H1B Sponsor Likelynote

Responsibilities

Oversee the entire contract lifecycle, including drafting, review, negotiation, execution, and renewal of vendor agreements
Ensure all contracts align with organizational policies, legal requirements, and business objectives
Monitor contract compliance, terms, and conditions, identifying and addressing any deviations or breaches
Maintain a centralized repository of vendor contracts and related documentation
Lead and execute complex negotiations with vendors to secure favorable terms, pricing, service level agreements (SLAs), and performance metrics
Develop and maintain strong, collaborative relationships with key vendors, acting as the primary point of contact
Conduct regular business reviews with vendors to assess performance, discuss strategic initiatives, and address issues
Drive continuous improvement and innovation through vendor partnerships
Evaluate vendor capabilities and technological offerings to ensure alignment with the organization's strategic technology roadmap and business needs
Collaborate with IT and business units to assess the integration, scalability, and security of vendor technologies
Stay abreast of market trends and emerging technologies relevant to vendor services, recommending strategic adjustments as needed
Manage vendor-provided software, hardware, and service solutions, ensuring they meet operational requirements
Identify, assess, and mitigate potential business risks associated with vendor relationships, including operational, financial, security, data privacy, compliance, and reputational risks
Develop and implement vendor risk assessment frameworks and due diligence processes
Ensure vendors adhere to the organization's security policies, regulatory requirements, and ethical standards
Develop contingency plans and exit strategies for critical vendor services
Define, track, and report on key performance indicators (KPIs) and SLAs for all managed vendors
Analyze vendor performance data to identify trends, areas for improvement, and opportunities for cost savings
Prepare and present regular reports on vendor performance, risk posture, and strategic initiatives to senior management
Collaborate with procurement teams on vendor selection processes, including RFI/RFP development and evaluation
Contribute to the development of vendor management strategies and policies

Qualification

Vendor ManagementContract ManagementNegotiationRisk ManagementTechnology ManagementAnalytical SkillsCommunication SkillsLeadership Skills

Required

Bachelor's degree in Business Administration, Supply Chain Management, Information Technology, Finance, or a related field
Minimum of 6 years of progressive experience in vendor management, procurement, contract management, or a related strategic sourcing role
Proven track record of successful negotiation and contract execution
Experience managing technology vendors and understanding IT service delivery models
Demonstrated experience in developing and implementing vendor risk management frameworks
Exceptional negotiation and communication (written and verbal) skills
Strong analytical and problem-solving abilities, with a keen eye for detail
Proficiency in contract law principles and best practices
Solid understanding of IT infrastructure, software, and service delivery models
Ability to manage multiple projects and priorities in a fast-paced environment
Strong leadership and interpersonal skills, with the ability to influence and build consensus

Preferred

A Master's degree or relevant certifications (e.g., Certified Professional in Supply Management (CPSM), Certified Commercial Contracts Manager (CCCM)) is a plus

Benefits

Training and development opportunities
Firmwide networks
Benefits
Wellness and personal finance offerings
Mindfulness programs

Company

Goldman Sachs

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Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.

H1B Sponsorship

Goldman Sachs has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1954)
2024 (1685)
2023 (2060)
2022 (2326)
2021 (2258)
2020 (1572)

Funding

Current Stage
Public Company
Total Funding
$6B
2025-04-23Post Ipo Debt· $6B
2012-06-05Post Ipo Equity
1999-05-14IPO

Leadership Team

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David M. Solomon
Chair and Chief Executive Officer
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John Waldron
President and Chief Operating Officer
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Company data provided by crunchbase